About Deadly Clear

This blog site is for you - to make your opinions known and enable you to express your thoughts, insights, fears and be DEADLY CLEAR. The author of the blog has become more compassionate and socially enlightened with age after entering this world from a very brainwashed right-winged culture. My goal is to achieve perfection and share in Ho'oponopono which means to make things right.

Goldman Sachs subsidiary buys massive non-performing loan portfolio from Fannie Mae

So, they’re going to feed the chicks to the fox?! Figures. Look, we all should be screaming about this and individual states should not be so lazy. Make Fannie turn over delinquent loans to the state where the land resides. Give the states the opportunity to renegotiate with their citizens and collect the monthly payments or foreclose and make the funds the banks are getting from a free house. It as close as they’ll ever come to replenishing the pension funds they gambled away!

But giving away the properties to Goldman Sachs who helped orchestrate the demise of the economy is absolutely ridiculous.

Justice League

Fannie Mae announced Wednesday that it selected the winning bidders in its latest sale of non-performing loans, with a subsidiary of one of Wall Street’s biggest names among the winning bidders.

The total sale included four pools of loans that total $1.32 billion in unpaid principal balance spread across 6,540 loans.

The winning bidder for two of those pools, representing 2,068 loans that carry an unpaid principal balance of $418,414,683, was MTGLQ Investors, L.P., a “significant subsidiary” of Goldman Sachs.

According to the Securities and Exchange Commission, Goldman Sachs owns, directly or indirectly, at least 99% of the voting securities of MTGLQ Investors, L.P.

Read on.

View original post

MERSCORP HOLDINGS INC. GETS “BITCH-SLAPPED” BY CONNECTICUT SUPREMES!

“The most significant factor in the decline of the tradi- tional residential mortgage model has been the develop- ment and evolution of the secondary mortgage market. A secondary market is created when the initial lender sells the mortgage loan to outside investors. Doing so provides local lenders with greater liquidity, which facil- itates additional home buying, and also allows large outside investors to pool—and thus to minimize—the risk that any particular loan will go into default. Although the modern secondary mortgage market had its genesis in the creation of the Federal Housing Authority and associated government sponsored financing corporations such as Fannie Mae in the 1930s, it expanded dramatically in the 1980s with the advent of new types of mortgage backed securities for sale in the private equity markets.”

Do we have an admission here that NTMs exist? The current laws only address traditional mortgages. NTMs compared to traditional mortgages are Apples to Oranges, although they are both fruit they have different structures.

Clouded Titles Blog

BREAKING NEWS!  … Plus a little Op-Ed! 

This just in!

The audacity of the Connecticut State Legislature … creating legislation that structured a two-tiered fee system against MERSCORP Holdings, Inc. and its “baby bastard” MERS!

The Connecticut Supreme Court has just affirmed an appellate court’s ruling that MERSCORP and its illegitimate child are still required to pay higher recording fees because they call MERS a “nominee” for the lender!   Things just can’t seem to get any better since MERS and its parent (who seems to let the child bully anyone it wants to with its legal war chest) got their asses handed to them last December in Tennessee in the Ditto case.   Read the Connecticut Supreme Court’s Decision here: MERSCORP Holdings Inc. v Malloy et al_2016-sc19376. It’s in pdf format, so you’ll need Adobe Acrobat Reader to view it.

It is a bit disconcerting that the State of Connecticut’s legislature…

View original post 1,551 more words

What happened to SIGTARP investigation into Freddie Mac official who died of apparent suicide

Worth refreshing our memories…

Justice League

This is an article back in 2009 where Fannie Mac CFO committed suicide. It makes me wonder what happened to the probe as well Freddie Mac’s accounting practices and why this case remains unsolved and silent:

Police Investigating Death of Freddie Mac Official, Dead Of Apparent Suicide

WASHINGTON (AP) — The chief financial officer of money-losing mortgage giant Freddie Mac was found dead in his basement early Wednesday morning in what police said was an apparent suicide.

David Kellermann, 41, apparently hanged himself, said a law enforcement official familiar with the investigation. He asked not to be identified because the investigation was ongoing.

Kellermann’s death is the latest in a string of blows to Freddie Mac since it was seized by the government last September. The company, which owns or guarantees about 13 million mortgages, has been criticized for financing risky loans that fueled the real estate bubble and are…

View original post 420 more words

Freddie Mac to consumers: Here’s how to avoid mortgage fraud

Fannie and Freddie have had fraud detecting software for nearly 3 decades. Why was there so much fraud since the late 1990s? Because they wanted liquidity. Foreclosures (used to) make a lot more money than long term mortgage loans. The problem now is we know they had the means to catch fraud before it happened – there are numerous bank software patents indicating fraud defector devices… Now, how could millions of American homeowners all commit the same fraud? Right, it was systematically relaxed…not ignored… Intentionally altered by the banks. The banks knew or should have known that altering the safeguards would cause damage –

Justice League

Now this is a joke. Freddie Mac is educating consumers on mortgage fraud!

Housingwire:

As part of a continuing series that aims to educate consumers on all aspects of the home buying process, Freddie Mac released a short video that tells consumers how to avoid mortgage fraud when applying for a loan.

In the video, Freddie Mac identifies several “red flags” that consumer should be on the lookout for, including:

  • Being told to exaggerate your income, assets, credit, or provide false information someone says will help get the loan approved
  • Being pressured to sign paperwork that you haven’t had a chance to read or that you don’t fully understand
  • Being asked to release personal financial information online or over the phone by someone you don’t know

Last year, as a part of the same education effort, Freddie Mac issued a warning to buyers and lenders about scams that offer the…

View original post 59 more words

Hillary Clinton Wall Street speech attendee says Clinton sounded ‘like a Goldman Sachs managing director’

Justice League

Very interesting…

The Week:

Before Hillary Clinton was railing on big banks in a race for the Democratic presidential nomination against notoriously anti-Wall Street candidate Sen. Bernie Sanders (I-Vt.), she was getting paid by the big banks to give talks. Now, those private talks are threatening to make a second — and very public — appearance as the push grows for Clinton to release transcripts.

While some argue that the remarks are nothing but the “boilerplate, happy talk that highly paid speakers generally offer to their hosts,” others worry that Clinton’s speech, if released, could easily be taken out of context by Sanders, who has already been slamming her for her Wall Street connections.

According to one attendee at Clinton’s October 2013 speech to Goldman Sachs executives and tech industry leaders, Clinton’s remarks then were a far cry from what she’s saying on campaign trail now. “It was pretty glowing…

View original post 116 more words

William Black: Hillary, the Banksters Committed “Fraud” not “Shenanigans”

“I’ll look into it…” Yeah, right.

Justice League

William K. Black
February 4, 2016     Bloomington, MN

Former Secretary of State Hillary Clinton, in her debate with Senator Sanders minutes ago, said that she went to Wall Street and told them to stop their “shenanigans.”  The context was that she was being asked to respond to the complaint that she was too close to on Wall Street billionaires.  She had every incentive, therefore, to demonstrate how tough she would be on Wall Street.  In that context, the best she could muster was the pusillanimous “shenanigans.”  Here is a typical definition of that word with examples.

  1. : a devious trick used especially for an underhand purpose
  2. 2a:  tricky or questionable practices or conduct —usually used in pluralb :  high-spirited or mischievous activity —usually used in plural

Examples of shenanigan

  1. students engaging in youthful shenaniganson the last day of school
  2. an act of vandalism that…

View original post 244 more words

HSBC reaches $601M settlement over charges of ‘abusive mortgage practices’

A pittance.

Justice League

HSBC agreed to a $601 million settlement with a series of federal agencies and nearly every state over charges that the bank engaged in mortgage origination, servicing and foreclosure abuses.

The massive settlement with HSBC was jointly announced Friday by the Department of Justice, the Department of Housing and Urban Development, the Consumer Financial Protection Bureau, 49 states and the District of Columbia.

As part of that settlement, HSBC will pay a total of $470 million in relief to consumers and payments to federal and state parties, and will be bound to mortgage servicing standards and be subject to independent monitoring of its compliance with the agreement, the DOJ said in a statement.

“This agreement is the result of a coordinated effort between federal and state partners to hold HSBC accountable for abusive mortgage practices,” said Acting Associate Attorney General Stuart Delery.

“This agreement provides for $370…

View original post 62 more words

Hillary Clinton Won’t Say If She’ll Release Transcripts of Goldman Sachs Speeches

“I’ll look into it…” That’s going to be my standard answer next time somebody asks be to do something that I don’t want to…

Justice League

By Lee Fang

The Intercept:

During the Democratic presidential debate Thursday evening, MSNBC moderator Chuck Todd picked a question offered by a viewer and pointedly asked Hillary Clinton if she would release the transcripts of her paid speeches to giant investment bank Goldman Sachs. Todd then broadened the question, asking: “Are you willing to release the transcripts of all your paid speeches?”

It was the second time Clinton has been asked if she would release transcripts of the paid speeches she gave behind closed doors. When I asked her in Manchester, New Hampshire two weeks ago, Clinton simply laughed and turned away.

Asked this time on network television, she said, “I will look into it. I don’t know the status, but I will certainly look into it.”

Clinton went on to say that she made money from paid speeches by talking “about issues that had to do with world affairs,” suggesting…

View original post 29 more words

Wall Street Billionaire Appears to Be Genuinely Puzzled by Bernie Sanders’ Populist Crusade Against the Richest 1%

Duh?

Justice League

How is that happening, why is that happening?” wonders Stephen A. Schwarzmann.

Alternet:

Multi-billionaire Stephen A. Schwarzman says he’s puzzled by the amount of discontent apparently felt by other Americans these days.  

Steve Schwarzman is a bland-looking, somewhat paunchy, not unattractive, balding man of benign demeanor who will be 69 on Valentine’s Day 2016. He’s worth $12 billion, give or take a few hundred million. He is a poster boy for Wall Street success and self-esteem and cluelessness. He’s the co-founder, chairman, and CEO of the Blackstone Group, one of the world’s largest financial firms, specializing in private equity, hedge funds, and mergers. He’s a Republican, and his life has been going pretty well for him lately, as it has for decades. 

But he freely admits (or pretends to admit) that he doesn’t understand why the rest of America isn’t just as content as he is. On January 21, 

View original post 267 more words

Former financial regulator William Black on Sanders vs Clinton on Wall St Reform

Justice League

Great interview. I hope that both candidates listen to this interview and the ideas from a former financial regulator…

NEP’s Bill Black and Roosevelt Institute Fellow Mike Konczal take on the policies of the two contenders for the Democratic nomination in this appearance of The Real News. Getting the message out about Bank Whistleblowers United! You can view here (includes transcript).

View original post